AM Fears fuel cut will drive inflation
Mar 30, 2026
Nino Bucci, courts reporter at The Guardian Australia, outlines the Desi Freeman manhunt. Penny Wong, Australia’s foreign minister, discusses calls for de-escalation and regional diplomacy. Alison Horne, ABC Jerusalem correspondent, reports on missile strikes and frontline developments. John Lyons, ABC’s America editor, analyzes US signals, troop moves and strategic leverage in the region.
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US Threat To Iran Raises Global Energy Risk
- President Trump threatened to obliterate Iran's energy facilities if Tehran doesn't agree to a ceasefire deal.
- Alison Horne reports Iran's main oil hub Karg Island and Iranian attacks on Israeli refineries have raised the prospect of major disruption to global energy flows.
Mixed White House Messages Fuel Market Uncertainty
- Mixed signals from the White House swing between diplomacy and explicit threats, creating market volatility.
- John Lyons notes these alternating reassuring and bellicose posts influence financial markets and suggest deeper escalation with tens of thousands of US troops mobilised.
Strait Of Hormuz Gives Iran Unexpected Leverage
- Iran's closure of the Strait of Hormuz has empowered Tehran with leverage over global oil flows.
- John Lyons says planners underestimated Iran's ability to keep the strait closed, meaning Iran might prefer to continue the conflict even if the US withdraws.